Seacoast Banking of Florida (SBCF) investor relations material

Executive summary

• Net income for Q2 2026 was $59.5 million ($0.55 per share), up 87% sequentially and 39% year-over-year; adjusted net income was $65.8 million ($0.61 per share).

• Organic loan growth was 16% annualized, with total deposits up 4% annualized and noninterest-bearing deposits also up 4%.

• Recent acquisitions and integrations, including Citizens First Bank, Heartland, and VBI, expanded branch network, market share, and enabled renewed focus on organic growth.

• Net interest income rose 2% sequentially and 42% year-over-year to $182.2 million; net interest margin held steady at 3.83%.

• Balance sheet remains strong with robust capital and liquidity, supporting continued investment and growth.

Financial highlights

• Net revenues for Q2 2026 were $208.2 million, up 27% sequentially and 38% year-over-year; adjusted net revenues were $210.0 million.

• Noninterest income was $27.8 million, up 3% sequentially and 14% year-over-year, driven by wealth management and mortgage production.

• Noninterest expense was $123.1 million, up 34% year-over-year, including $8.4 million in merger costs; efficiency ratio improved to 54.5% adjusted.

• Tangible book value per share grew 8% annualized to $17.25; tangible equity to tangible assets was 9.3%.

• Pre-tax pre-provision earnings were $87.0 million, up 100% sequentially and 44% year-over-year; adjusted pre-tax pre-provision earnings were $95.5 million, up 4% sequentially and 52% year-over-year.

Outlook and guidance

• 2026 adjusted revenue expected to grow 28–31% over 2025; adjusted EPS outlook is $2.48–$2.52.

• High single-digit organic loan growth and low to mid-single-digit organic deposit growth projected for 2026.

• Adjusted ROA forecasted at 1.30% and adjusted ROTE at 16.0% for 4Q 2026.

• Management expects to recognize most remaining merger-related costs in Q3 2026.

• Assumes no rate cuts in 2026 and a stable economic environment.